Manufacturers follow four steps to implement a manufacturing overhead allocation system. Which step is not performed before the year begins?

Question

Quizplus · Accepted Answer

Allocating some manufacturing overhead to each individual job is part of the actual manufacturing process, and therefore cannot be done before the year begins. The other three steps (selecting an allocation base and estimating its total amount, estimating total manufacturing overhead costs, and calculating a predetermined manufacturing overhead rate) can all be done before the year begins.

Manufacturers Follow Four Steps to Implement a Manufacturing Overhead Allocation